Thai Identity Sugar Factory Co., Ltd. announced a private placement of 23,850,000 ordinary shares at an issue price of THB 100 per share for gross proceeds of THB 2,385,000,000 on November 25, 2019. The transaction will involve participation from returning investor Kaset Thai International Sugar Corporation Public Company Limited (SET:KTIS). Post the closing of the transaction, the registered capital of the company will increase from 12,150,000 shares of THB 1,215,000,000 to 36,000,000 shares of THB 3,600,000,000. The transaction has been approved by the board of directors of the investor. The transaction is subject to approval at the extraordinary general meeting of the company. The transaction is expected to close within the first quarter of 2020. Post-closing of the transaction, the stake of the investor in the company will increase from 99.999951% to 99.999983%.